The obligation arose from Geregu Power’s N40.09 billion Series 1 Senior Unsecured Bond issued in July 2022, more than three years before the current ownership and board assumed control of the company in December 2025.

Sources: Geregu Has Paid N6bn to Bond Investors after Default

The obligation arose from Geregu Power’s N40.09 billion Series 1 Senior Unsecured Bond issued in July 2022, more than three years before the current ownership and board assumed…